It is hard to find good stocks that haven’t already run, and that is why sometimes it is worth taking a look at stocks of historically mismanaged companies that seem to be mending their ways. Dole announced it is spinning off its packaged good segment for $1.7 billion, and if it sells some if its other assets, including land, Dole could unlock value.

Cramer described CEO David Murdock as an “eccentric” chief who is a self-proclaimed health-nut. That might be a good thing, given the bull market in healthy food, but he expanded the selection of healthy foods without raising prices. Dole employees enjoy benefits that are extravagant compared to the average worker, with free gym membership and other perks. It is great to be a Dole employee, but it has not been such a picnic to be a Dole shareholder. In addition, the company has a mini-theme park on its plantation in Hawaii; this concept may make Dole unique, but it is hardly a good idea for a company that has been swimming in debt and whose stock price has languished.

However, Murdock’s decision to spin off the packaged good space could mean that there might be more selling of assets, and the CEO has been buying back stock. Cramer thinks the company is making the first steps toward a major makeover, and he would buy the stock.

A Mad Money viewer stopped Cramer on the street and asked him when the “Day of Reckoning,” would be, presumably about stocks. The Dow rallied 13 points on Wednesday, and Cramer says he has been asked when there will be a slowdown. While stocks may seem risky, the rally in stocks may not be on its last legs. The situation in Europe seems to be improving, and China doesn’t look so bad. One sign that stocks aren’t in trouble yet is that good stocks that disappoint, like FedEx (FDX) and Norfolk Southern (NSC) are declining but are not staying down. Cramer doesn’t think the Day of Reckoning for stocks is coming just yet.

Cramer took some calls:

While he confesses he doesn’t really like Zynga (ZNGA), Groupon (GRPN) and Facebook (FB) as stocks, Cramer thinks there is a possibility they could go higher. Zynga and Groupon have seen dramatic declines, and after a disastrous IPO, Facebook had a pretty solid August, and may see some upside.

Questcor (QCOR) is a battleground stock that has risen dramatically. For investors who feel they have to own it, Cramer suggests using deep in the money calls.

Salesforce.com (CRM) CEO Marc Benioff spoke to Cramer from the annual DreamForce Convention in San Francisco, with 90,000 people in attendance. CRM is a pioneer in the cloud computing space and the stock has risen 600% since Cramer got behind it in 2008. Even though CRM reported an excellent quarter, the stock has risen only 16% because of the widespread belief on The Street that it is too expensive. However, with autumn comes the prime season for tech, and Cramer thinks CRM might see a bounce.

Benioff discussed special cloud software for marketing and customer service. The focus on enterprise software is to allow companies to connect with their customers and employees in a unique way; “It’s a customer revolution, an employee revolution and a product revolution.” CRM saw 37% growth in the last quarter, and it is the fastest growing software company and the fifth largest by market cap.

While CRM may have a lot of skeptics, “a lot of companies are using the software,” said Cramer.

A Bull in a China Shop

People are worried that China could shift back into bear market mode, given the fact that the Japanese are not buying Chinese goods and Europe, a major consumer of Chinese products, is in a slowdown. However, electricity use in China, which had been sluggish for the year, picked up dramatically the last couple of months, which might indicate that things are moving in the Middle Kingdom. In addition, the Baltic Freight Index looked strong, and copper and iron ore stocks seem to be coming back. While interest rates in China may still seem too high and the stimulus might not be aggressive enough, even if China merely ceases to decelerate, the impact on stocks could be positive.

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